SunEdison Inc (SUNE): Today's Featured Electronics Laggard

Editor's Note: Any reference to TheStreet Ratings and its underlying recommendation does not reflect the opinion of TheStreet, Inc. or any of its contributors including Jim Cramer or Stephanie Link.

SunEdison ( SUNE) pushed the Electronics industry lower today making it today's featured Electronics laggard. The industry as a whole closed the day up 0.7%. By the end of trading, SunEdison fell $0.14 (-1.9%) to $7.22 on average volume. Throughout the day, 6,094,405 shares of SunEdison exchanged hands as compared to its average daily volume of 5,118,700 shares. The stock ranged in price between $7.08-$7.74 after having opened the day at $7.53 as compared to the previous trading day's close of $7.36. Other companies within the Electronics industry that declined today were: Cascade Microtech ( CSCD), down 5.9%, SolarCity ( SCTY), down 5.9%, Ascent Solar Technologies ( ASTI), down 5.8% and GigOptix ( GIG), down 4.6%.

MEMC Electronic Materials, Inc. engages in the development, manufacture, and sale of silicon wafers. The company also develops and sells photovoltaic energy solutions. It operates in two segments, Semiconductor Materials and Solar Energy. SunEdison has a market cap of $1.7 billion and is part of the technology sector. Currently there are 5 analysts that rate SunEdison a buy, no analysts rate it a sell, and 4 rate it a hold.

TheStreet Ratings rates SunEdison as a hold. The company's strengths can be seen in multiple areas, such as its solid stock price performance and notable return on equity. However, as a counter to these strengths, we also find weaknesses including unimpressive growth in net income, generally higher debt management risk and weak operating cash flow.

On the positive front, Hanwha SolarOne ( HSOL), up 15.9%, ReneSola ( SOL), up 14.9%, China Sunergy ( CSUN), up 12.7% and Yingli Green Energy Holding Company ( YGE), up 9.1% , were all gainers within the electronics industry with Texas Instruments ( TXN) being today's featured electronics industry leader.

For investors not wanting singular stock exposure, ETFs may be of interest. Investors who are bullish on the electronics industry could consider iShares Dow Jones US Technology ( IYW) while those bearish on the electronics industry could consider ProShares Ultra Short Semiconductor ( SSG).

STOCKS TO BUY: TheStreet Quant Ratings has identified a handful of stocks that can potentially TRIPLE in the next 12-months. Learn more.
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